Delivery Hero Selects Banks for Talabat's Dubai IPO
Additional banks may also be brought on board for the offering.
By Inc.Arabia Staff
German food delivery company Delivery Hero has engaged Emirates NBD, Morgan Stanley, and JPMorgan Chase to assist with the initial public offering (IPO) of its Dubai unit, Talabat.
The IPO could raise around $1 billion, though the valuation is still being finalized. Additional banks may also be brought on board for the offering.
Earlier, Delivery Hero SE announced that it is planning to list its Talabat business on the Dubai Financial Market in the fourth quarter (Q4) of 2024. The IPO will involve a secondary sale of shares, with Delivery Hero retaining a majority interest in Talabat post-listing.
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